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Could they be devious enough to announce a sale. Have prices drop on the
announcement and then buy on the down move. Do any of you remember years ago
when the Russians canceled their grain commitments, announced a great overage
of production on their 5 year plan and the price of Beans, Wheat and Corn went
into the sewer. AS soon as the low was hit, guess who stepped in and bought
all those grain contracts, at or near the low. Do you think the British may
have learned something from the Russians or are they really going to raise
dollars by selling gold? Ira.
Stig Olausson wrote:
> Can anybody explain THE REAL REASON for such a statement?
>
> I thought everybody was interested in getting as high a price as possible
> when selling something.
> However telling the world that you are flooding the world with gold before
> you sell must have a negative impact on price. so why telling everybody??
> Furthermore, would it not be considered irresponsible by the british people
> (to whom the gold belongs?) to start a firesale?
> Or are the British in on the conspiracy to keep goldprices down (to avoid a
> dramatic fall in Bondprices ---> stocks, according to the piece) that you
> could read about in the harry Schulz letter some time ago?
>
> The same day gold fell $9, silver produced a bullish engulfing pattern that
> engulfed the 3 most recent days !
> Any opinions or facts out there?
> Stig
> ----------
> > Fra: Earl Adamy <eadamy@xxxxxxxxxx>
> > Til: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Emne: FUT Gold, is the game up?
> > Dato: Saturday, May 08, 1999 6:55 PM
> >
> > Now comes the Bank of England telling the world they are liquidating
> their
> > gold and gold futures tank falling to a 78.6% retracement of the recent
> > rally before recovering modestly. So is the game up? I don't think so.
> Any
> > other opinions?
> >
> > Earl
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